Accel Entertainment (ACEL) Q3 FY2026 earnings: revenue $364 million, up 10.3% on the year

Accel Entertainment, Inc. (ACEL) reported revenue of $364 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.3% on the same quarter a year earlier. Net income was $21 million, up 54.0% on the year, and diluted earnings per share $0.25. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2026.

Revenue

$364 million

+10.3% on the year · -1.2% on the quarter

Q4 FY2024Q3 FY2026

Operating margin

7.9%

7.7% a year earlier

Q4 FY2024Q3 FY2026

Net income

$21 million

+54.0% on the year · +64.7% on the quarter

Q4 FY2024Q3 FY2026

Diluted EPS

$0.25

+56.2% on the year · +66.7% on the quarter

Q4 FY2024Q3 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Revenue and net income rose: Revenue was $364 million, up 10% from Q3 2025. Net income was $21 million, up 55%. Diluted EPS was $0.25 against $0.16.
Adjusted EBITDA grew faster than revenue: Adjusted EBITDA was $57.5 million, up from $51.2 million. Management linked the faster growth to operating leverage in the business model.
Illinois excluding Fairmount grew 7%: Illinois revenue excluding Fairmount Park rose about 7% year over year, and hold-per-day rose about 9%.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Revenue	364	368	330	-1.2%	+10.3%
Cost of revenue	0.5	0.3	0.9	+86.2%	-45.5%
Gross profit	363	368	329	-1.3%	+10.4%
Gross margin	99.9%	99.9%	99.7%
Operating income	28.8	32.1	25.4	-10.1%	+13.6%
Operating margin	7.9%	8.7%	7.7%
Interest expense	8.7	8.6	8.6	+1.0%	+1.2%
Pre-tax income	25.8	18.4	17.8	+40.5%	+45.1%
Income tax	5.2	5.9	4.5	-11.3%	+16.0%
Effective tax rate	20.2%	31.9%	25.2%
Net income	20.6	12.5	13.4	+64.7%	+54.0%
Net margin	5.7%	3.4%	4.1%
Diluted EPS	$0.25	$0.15	$0.16	+66.7%	+56.2%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Operating cash flow	79.4	20.0	55.2	+297.9%	+43.8%
Capital expenditure	18.7	11.1	21.0	+68.4%	-11.0%
Free cash flow	60.7	8.9	34.2	+585.2%	+77.5%
Free cash flow margin	16.7%	2.4%	10.4%
Cash from investing	-23.0	-24.1	-20.7
Cash from financing	-17.5	-14.5	-8.9
Depreciation and amortisation	14.1	13.8	13.3	+2.2%	+6.0%
Share-based compensation	3.8	3.2	3.5	+18.8%	+8.6%
Buybacks	7.2	5.6	6.8	+28.3%	+5.7%
Diluted shares, weighted	83m	83m	86m	-0.0%	-3.1%
Shares outstanding at period end	80m	81m	83m	-1.2%	-3.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q3 FY2026	Q2 FY2026	Q3 FY2025	On the quarter	On the year
Shareholders' equity	305	284	267	+7.5%	+14.2%
Redeemable equity	4.1	4.1	4.1	+0.7%	-0.6%
Debt	566	573	595	-1.3%	-4.9%
Other liabilities	249	236	219	+5.5%	+13.7%
Total liabilities and equity	1,124	1,097	1,085	+2.4%	+3.5%
Fixed assets	363	360	341	+1.0%	+6.6%
Goodwill	115	115	114	0.0%	+0.4%
Intangible assets	183	184	188	-0.6%	-2.4%
Cash and equivalents	294	255	290	+15.2%	+1.4%
Receivables	13.6	13.9	8.7	-2.1%	+56.6%
Inventory	10.2	9.6	9.6	+6.6%	+7.2%
Other assets	145	160	134	-9.4%	+7.6%
Total assets	1,124	1,097	1,085	+2.4%	+3.5%

Questions

What was Accel Entertainment's revenue in Q3 FY2026?

Accel Entertainment (ACEL) reported revenue of $364 million for Q3 FY2026, the quarter ended 30 September 2026, up 10.3% on the same quarter a year earlier.

How much did Accel Entertainment earn in Q3 FY2026?

Net income for Q3 FY2026 was $21 million, up 54.0% on the year, and diluted earnings per share $0.25.

When did Accel Entertainment report Q3 FY2026 results?

Accel Entertainment filed its 10-Q for the quarter ended 30 September 2026 with the SEC on 3 November 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022	Q3 FY2022	Q4 FY2022 * †	Q1 FY2023	Q2 FY2023	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	192	197	228	267	278	293	293	287	297	302	309	302	318	324	336	330	341	352	368	364
Cost of revenue	130	0.0	0.8	1.7	2.4	1.4	2.2	2.1	2.0	1.2	3.2	1.0	1.8	2.1	0.9	0.9	1.7	0.6	0.3	0.5
Gross profit	62.7	197	227	265	276	292	290	285	295	301	306	301	316	322	335	329	340	351	368	363
Gross margin	33%	100%	100%	99%	99%	100%	99%	99%	99%	100%	99%	100%	99%	99%	100%	100%	99%	100%	100%	100%
Operating income	17.1	21.2	27.3	23.2	25.1	27.7	29.2	25.1	25.5	25.6	22.7	21.8	20.8	26.0	26.9	25.4	29.7	27.1	32.1	28.8
Operating margin	9%	11%	12%	9%	9%	9%	10%	9%	9%	8%	7%	7%	7%	8%	8%	8%	9%	8%	9%	8%
Interest expense	3.0	4.0	3.8	6.2	7.6	7.9	8.2	8.4	8.6	8.7	8.9	9.2	9.2	8.7	8.8	8.6	8.1	8.5	8.6	8.7
Pre-tax income	10.1	20.6	29.2	27.4	17.5	15.2	16.1	15.1	19.4	12.2	18.5	8.5	14.6	19.6	12.4	17.8	22.2	20.0	18.4	25.8
Tax rate	32%	23%	23%	18%	24%	40%	38%	31%	17%	39%	21%	42%	42%	25%	41%	25%	27%	27%	32%	20%
Net income	6.8	15.8	22.5	22.4	13.4	9.2	10.0	10.4	16.0	7.4	14.6	4.9	8.4	14.6	7.3	13.4	16.2	14.7	12.5	20.6
Net margin	4%	8%	10%	8%	5%	3%	3%	4%	5%	2%	5%	2%	3%	5%	2%	4%	5%	4%	3%	6%
Diluted EPS	$0.07	$0.17	$0.24	$0.25	$0.15	$0.11	$0.11	$0.12	$0.19	$0.09	$0.17	$0.06	$0.09	$0.17	$0.08	$0.16	$0.19	$0.17	$0.15	$0.25
Operating cash flow	30.5	22.1	19.1	37.0	29.7	38.0	25.9	28.2	40.5	28.8	28.9	50.1	13.5	44.8	19.8	55.2	31.1	42.7	20.0	79.4
Capital expenditure	11.0	6.8	6.5	19.8	14.4	21.5	20.2	18.6	21.5	20.6	17.5	16.9	11.5	26.8	26.0	21.0	15.1	22.9	11.1	18.7
Free cash flow	19.5	15.3	12.7	17.3	15.3	16.5	5.7	9.6	19.0	8.1	11.4	33.1	2.1	18.0	-6.2	34.2	16.0	19.9	8.9	60.7
Buybacks	9.0	13.9	23.0	25.0	17.1	4.2	8.1	3.3	14.4	6.1	9.2	6.2	4.0	10.2	6.7	6.8	16.2	12.1	5.6	7.2
Shares outstanding	93m	92m	90m	87m	87m	86m	86m	85m	84m	84m	83m	82m	86m	85m	84m	83m	82m	81m	81m	80m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 September 2026, filed 3 November 2026: the filing.